Is it possible to choose prison for Not Paying Debt in Canada?

After asking a€?can loan companies elevates to court,a€? some individuals might wonder when they might be delivered to jail for not paying their unique financial obligation in Canada. The quick response is a€?No.a€? Root like Bankruptcy Canada identify that you can’t be detained to be with debt. There is no a€?debtors’ jaila€? during the Canadian fairness system.

However, that does not mean that failing woefully to shell out loans is actually consequence-free. Eg, after having that legal, a collector or commercial collection agency service might have your wages garnished-taking a percentage from your potential future paycheques up until the loans is repaid. Continue Reading